Xebra Brands Ltd. (TSE:XBRA) has released an update.
Xebra Brands Ltd., a Vancouver-based cannabis company, has successfully completed a non-brokered private placement, raising $600,000 through the issue of 12 million units at $0.05 each. Director David Ross Macias Diaz acquired all units, resulting in an 18.04% ownership of the company on a non-diluted basis and a potential 30.56% upon full exercise of warrants. The funds are earmarked for working capital and general corporate purposes, with the transaction awaiting final CSE acceptance.
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